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Table Of Contents

Introduction
What Kind of Learning?
Recap of Herding
Potential Challenges
Myopic Learning
What Does This Mean?
Stochastic Matrices
Example
Example of Non-convergence
Example of Non-convergence (continued)
Convergence
Learning
When Will There Be Learning?
Influential Agents and Learning
Towards a Richer Model
A Model of Misinformation
Evolution of Beliefs
Social Network and Influence Matrices
Assumptions
Convergence to Consensus
Global Bounds on Consensus Distribution
Perfect Bayesian Equilibria
Some Difficulties of Bayesian Learning
Equilibrium Decision Rule
Private Beliefs
Properties of Network Topology
Learning Theorem – with Unbounded Beliefs
Proof of Theorem – A Roadmap
Observing a Single Decision
Strong Improvement Principle
Generalized Strong Improvement Principle
Proof of Theorem
No Learning with Bounded Beliefs
Learning with Bounded Beliefs
Learning with Bounded Beliefs (Continued)
Heterogeneity and Learning
Model with Heterogeneous Preferences
Main Results
Some Observations
Preliminary Lemmas
Key Lemmas
Sketch of the Proof of the Lemmas
Sketch of the Proof of the Lemmas (continued)
Main Results As Corollaries
Main Results As Corollaries (continued)
A Model of Bayesian Communication Learning
Model
Equilibrium and Learning
Agent Decision Rule
Minimum Observation Radius
A Learning Theorem
Interpreting the Learning Condition
Interpreting the Learning Condition (Continued)
Relaxing the Information Flow Assumption
Relaxing the Nonstrategic Communication Assumption
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MIT14_15JF09_lec22_23

MIT14_15JF09_lec22_23

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Published by CKJJ55@hotmail.cm
Project Management PMP
Project Management PMP

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Categories:Business/Law
Published by: CKJJ55@hotmail.cm on Nov 20, 2013
Copyright:Attribution Non-commercial

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01/05/2014

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